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Income Tax - Highlights / Catch Notes

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Disallowance of foreign travelling expenses incurred by the ...


Pharmaceutical company's foreign travel expenses to China and Germany allowed as necessary for business purposes.

April 7, 2022

Case Laws     Income Tax     AT

Disallowance of foreign travelling expenses incurred by the Directors of the company to China, Germany and other countries - having regard to entire factual scenario and the nature of business assessee’s business i.e. being pharmaceutical company, we are of the view that impugned foreign travel expenses incurred by the assessee are genuine requirement and for business purpose, and therefore, the impugned addition is directed to be deleted. - AT

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